BitMine Chairman’s Message | Tom Lee Explains the Authorized Shares Increase & Vote Yes

BitMine Immersion Technologies is seeking shareholder approval to increase its authorized shares from 500 million to 50 billion to facilitate capital market activities, acquisitions, and essential share splits. The company’s valuation closely tracks the price of Ethereum, which is positioned as the primary rail for global asset tokenization and the future of financial infrastructure. Projections suggest that if Ethereum reaches values between $22,000 and $250,000, BitMine’s implied share price could climb to between $500 and $5,000. To maintain an accessible trading price of approximately $25, BitMine would need to execute significant stock splits—ranging from 20-to-1 to 100-to-1—necessitating a vast increase in authorized share capacity. Shareholders must cast their votes by the January 14 deadline to ensure the company can accommodate this projected growth and maintain market liquidity.